4920 Lewis Rd Stone Mountain, GA 30083-1104
Entity Owned
4-yr Hold
Absentee Owner
~
Est. High Equity
Estimated value (blended)
$3.71M
Range $3.34M – $4.08M (±10%)
Implied cap rate
6.30%
In-place · NOI ÷ last sale
Property ID
US22-0033373
Property summary
AI-generated overview
This exceptional industrial property, located at 4920 Lewis Road in Stone Mountain, Georgia, offers a total of 31,991 square feet of warehouse and distribution space. The building, constructed in 1987, sits on a 2.5-acre lot and is currently fully vacant, presenting a unique opportunity for a single tenant or multiple occupants. The space is divisible, with a minimum leasable area of 12,900 square feet and a maximum contiguous space of 19,091 square feet. The warehouse boasts impressive ceiling heights ranging from 22 to 23 feet, providing ample vertical storage capacity. Heavy power is available on-site, catering to businesses with significant energy demands. This property is ideally suited for various industrial uses, including warehousing, distribution, and light manufacturing. Its strategic location in DeKalb County, Georgia, offers convenient access to major transportation routes, ensuring efficient logistics and distribution capabilities. The property's size and features make it an attractive option for businesses seeking substantial warehouse space in a prime location. The zip code is 30083. This is a rare opportunity to lease a large, well-maintained industrial building in a thriving area.
Property profile
Verified
Property type
Warehouses
Use group
WAREHOUSE, STORAGE
Year built
1987
Total area
31,728 SF
Lot
2.54 ac (110,642 SF)
Zoning code
X
APN
18 171 02 010
UPID
US22-0033373
Cap rate & NOI
Priority signal for investors
Implied cap rate, NOI & suggested price
Cap rate vs submarket · NOI estimate · 3 price anchors
Current use
Occupant on record · Public records
-
Hardware & Home Improvement Production Facility
Value estimations
Realmo proprietary · 4 methods
AI Approach
AI
$3.73M
CAP Approach
CAP
$3.59M
Comparable Approach
Comparable
$3.66M
Blend (final)
Blend
$3.71M
Owner & transaction history
since 2022
Last sale
$3.6M
3 recorded transactions
Zoning & alternative use
X · Stone Mountain, GA
Top alternative use upside
Neighborhood: shopping center
$6.0M
+56.3%
Medical building
$6.0M
+55.9%
Comparables
6 recent transactions · within 1.5 miComparable in this city
6 recent transactions
Comparable in this City
Similar Nearby for Sale
Similar Nearby for Lease
Recent comparable sales
Sale price & price/SF · Sale date & distance · Adjustments & confidence
Value estimation
Instant AI valuation built from comps, income signals, and proprietary benchmarks. A defensible range, not a single guess.
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Full NOI reconstruction, selected comps, alternative-use scenarios, data audit and PDF export.
All 7 comparables with addresses
3 alternative uses screened
Sensitivity value band
Source audit · 10 inputs
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Summary
1
Valuation conclusion
Included free
Estimated market value
$3.71M
Value range
$3.34M – $4.08M
±10% around blend
Estimated value / SF
$117 / SF
Confidence
High
7 county-verified comps
Property data
88
Market benchmarks
100
Comparable evidence
70
$3.34M
blend $3.71M
$4.08M
Market-derived valuation under stabilized market assumptions. Desktop analysis. No physical inspection performed.
2
Subject property
Included free
GBA
31,728 SF
Lot area
2.54 ac
Year built
1987
Stories
1
APN
18 171 02 010
Assessed value
$1,142,200
Annual tax
$57,528
3
Income approach: direct capitalization
Partial preview
Income approach indication
$3.59M
Direct capitalization · @ 6.5% CAP return
@ 6% CAP return
$3.88M
@ 6.5% CAP return
$3.59M
@ 7% CAP return
$3.33M
4
Sales comparison
Partial preview
Sales approach indication
$4.87M
Weighted, 7 comps · high confidence
Evidence
7 found · 6 selected
County-verified recorded sales
Comparable
Sale dateSale price$ / SF
5.6 mi away · 30,938 SF
8.9 mi away · 26,340 SF
12.1 mi away · 22,726 SF
14.3 mi away · 28,560 SF
18.1 mi away · 39,350 SF
5
Sensitivity & risk
Partial preview
Downside
−10%
Base
$3.71M
Upside
+10%
Bounds of the ±10% band vs the blend — never simulated scenarios.
6
Current market position
Included free
Benchmark
Observed band ($/SF)AverageSubject delta
ZIP 23 sales
$121
-3%
Submarket 25 sales
$122
-4%
County 267 sales
$140
-17%
Band = middle half (Q1–Q3) of recorded sale $/SF for this use type per geography; the diamond marks the subject at $117/SF. Delta below average reads as headroom. Source: Realmo CRE sales derivatives (county records).
7
Alternative use screening
Partial preview
Top alternative use
Neighborhood: Shopping Center
Gross theoretical uplift
+56%
vs current-use indication
Medical Building
Warehouse, Storage · current use
Values shown before conversion costs, entitlement costs, capital expenditures and stabilization risk.
8
Data & methodology
Included free
Building area
County record
Property tax
County record
Assessed value
County record
Zoning designation
Not available
Operating expenses
Not available
Market rent
Not available
Actual rent roll
Not available
Tenant leases
Not available
Physical condition
Not inspected
Conversion costs
Not available
Not analyzed due to unavailable source data: tenant leases, physical condition and capital
requirements were not available for this desktop analysis. Cost Approach excluded due to
availability of income evidence.
Automated valuation analysis, not a licensed appraisal. Figures are derived from public
records and proprietary models. Desktop analysis: no physical inspection, tenant leases or reported
property income. Verify with a licensed appraiser before transacting.
Cap rate
Cap rate calculated from real income and expense signals, benchmarked against sales of similar assets nearby.
17% off on annual
Unlock the complete Cap Rate workflow
Full market tables, editable assumptions, comparable evidence, saved work and exports.
9-scenario matrix
Comparable evidence · 7 sales
Market rates by use type
PDF export
Analytics Standard · 5 reports
from $99/month
from $99/month
Overview
Implied cap rate
6.30%
Implied, in-place cap rate for this warehouses
Estimated NOI ÷ last recorded sale. Refine with your own numbers in the full report.
Lower yield / higher price
Higher yield / lower price
5.0%
This property · 6.30%
9.0%
NOI (est.)
$252k *
Last sale · Jun 2022
$3.60M
* derived from a real price signal at a 7% cap
Price sensitivity
The rate is the decision lever; valuation is the consequence.
Test a cap rate
Implied value$4.00M
Move the market yield to see immediate price impact.
Value / SF
$126
Vs. selected
Base
Derivation
NOI ÷ cap
Arithmetic over the derived NOI * — not market scenario modeling.
NOI × cap matrix
Preview
Preview of 9 modeled outcomes.
NOI
5.80%6.30%6.80%
$227k
$3.91M
$3.60M
$3.34M
$252k
$4.34M
$4.00M
$3.71M
$277k
$4.78M
$4.40M
$4.08M
NOI sensitivity ±10% across the selected-rate band (±0.5 pp) — derivation of the NOI above.
Comparable evidence
Partial preview
Recorded sales nearby
7 found
High confidence · county-verified
Closest comparable
$5.69M
0.5 mi · Nov 2025 · $148/SF
Property tax & assessments
Tax year 2024Property tax & assessments
Tax year 2024
Tax billed
$57,528
Tax year 2024
Assessed value
$1,142,200
Assessed 2024
Previous assessed
$1,142,200
+0.0% YoY
Effective rate
5.04%
On assessed value
Assessed land
$91,376
Assessed improvement
$1,050,824
Land market value
$228,440
Improvement market value
$2,627,060
Total market value
$2,855,500
Automated cap rate analysis. Based on public records, market benchmarks and proprietary
models. Verify with a licensed professional before transacting.
Property description
Physical attributes from public recordsBuilding & lot
Public records
Property type
Warehouses
Use group
WAREHOUSE, STORAGE
Status
Off-Market
Year built
1987
Heating
NONE
Buildings
2
Stories
1
Total area
31,728 SF
Lot
2.54 ac (110,642 SF)
Zoning code
X
APN
18 171 02 010
UPID
US22-0033373
Jurisdiction
DE KALB
Zoning & alternative use
X · Stone Mountain, GAZoning X · permitted uses
X · Stone Mountain, GA
Permitted & conditional uses
Allowed uses · Special-permit conditions · Prohibited uses
Alternative use value scenarios
Repositioning upside vs current use
Alternative use deep dive — conversion cost, permits, timeline
Conversion cost estimate · Permit path & risks · Stabilized NOI per option
Building & site characteristics
From public records
Year built
1987
Heating
NONE
Stories
1
Buildings
2
Lot
2.54 ac
Zoning
The recorded zoning designation, what the district officially allows, and the municipal source it comes from.
Zoning designation
County-recorded code
X
Jurisdiction
Stone Mountain, GA
Recorded code
X
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Debt & historyRecorded loans and transaction history
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